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For the ongoing quarter, AMD sees revenue to be $11.2 billion, plus or minus $300 million, again higher than analyst expectations of $10.5 billion.
AMD's projected Q2 2024 revenue of $11.2 billion surpasses analyst expectations by $700 million.
KEY POINTS
- Data Center sales rose 57% year-over-year to $5.8 billion, becoming AMD's primary earnings contributor.
- AMD will ship its first rack-scale AI data center system, Helios, this year; OpenAI and Meta are customers.
- AMD and Intel partnered on a new x86 CPU instruction set, potentially boosting density by 16 times.
COMPANIES
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